Esperion Therapeutics Inc (ESPR) Receives Consensus Rating of “Buy” from Brokerages
Shares of Esperion Therapeutics Inc (NASDAQ:ESPR) have been assigned an average rating of “Buy” from the thirteen brokerages that are covering the company. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.92.
ESPR has been the topic of a number of recent research reports. Citigroup Inc set a $39.00 price objective on Esperion Therapeutics and gave the company a “buy” rating in a research report on Monday, March 13th. Zacks Investment Research downgraded Esperion Therapeutics from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. JPMorgan Chase & Co. raised their price objective on Esperion Therapeutics from $22.00 to $50.00 in a research report on Tuesday, March 21st. Needham & Company LLC raised their price objective on Esperion Therapeutics from $25.00 to $58.00 and gave the company a “strong-buy” rating in a research report on Monday, March 20th. Finally, Credit Suisse Group AG raised Esperion Therapeutics from an “underperform” rating to a “neutral” rating and set a $29.00 price objective on the stock in a research report on Monday, March 20th.
In other Esperion Therapeutics news, Director Gilbert S. Omenn purchased 1,000 shares of the stock in a transaction on Tuesday, March 21st. The stock was acquired at an average price of $42.26 per share, with a total value of $42,260.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $422,600. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Dov A. Md Goldstein sold 800,000 shares of the firm’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $41.66, for a total value of $33,328,000.00. The disclosure for this sale can be found here. 35.40% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Esperion Therapeutics during the first quarter valued at $158,000. C WorldWide Group Holding A S acquired a new stake in shares of Esperion Therapeutics during the first quarter valued at $162,000. Princeton Alpha Management LP acquired a new stake in shares of Esperion Therapeutics during the first quarter valued at $205,000. Bank of Montreal Can increased its stake in shares of Esperion Therapeutics by 1,006.7% in the first quarter. Bank of Montreal Can now owns 6,596 shares of the biopharmaceutical company’s stock valued at $233,000 after buying an additional 6,000 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Esperion Therapeutics by 7.1% in the first quarter. American International Group Inc. now owns 8,814 shares of the biopharmaceutical company’s stock valued at $311,000 after buying an additional 584 shares in the last quarter. 64.65% of the stock is owned by institutional investors and hedge funds.
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Esperion Therapeutics (NASDAQ:ESPR) traded down 3.03% during trading on Monday, hitting $32.30. The stock had a trading volume of 456,451 shares. Esperion Therapeutics has a 52-week low of $9.40 and a 52-week high of $48.21. The stock’s 50-day moving average is $36.54 and its 200-day moving average is $22.84. The stock’s market capitalization is $729.66 million.
Esperion Therapeutics (NASDAQ:ESPR) last issued its quarterly earnings data on Monday, May 1st. The biopharmaceutical company reported ($1.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.44) by $0.36. During the same quarter in the prior year, the company earned ($0.65) earnings per share. On average, analysts predict that Esperion Therapeutics will post ($6.69) earnings per share for the current fiscal year.
Esperion Therapeutics Company Profile
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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